Terms of Use

Last updated 12 October 2026.

These terms are an agreement between you and Phoebe Markets LLC, a Texas limited liability company ("we", "us"), which makes and operates Phoebe.

1. What Phoebe is

Phoebe is software that researches investment opportunities, places buy orders on a brokerage account you already own within limits you set, and places sell orders for those positions when they reach a target or fall to a stop. It is a tool. It is not a brokerage, not an investment adviser, and not a financial planner.

2. What you are agreeing to

By using Phoebe you agree to these terms. If you do not agree, do not use it. You must be at least 18 and legally able to enter a contract.

3. You authorise it to trade

This is the most important term. Please read it.

When you complete setup and enable auto-investing, you authorise Phoebe to place buy orders on your brokerage account without asking you first, within the limits you have set, and to place sell orders for the positions it bought when they reach a target or fall to a stop. Orders will be placed when you are not watching, including while you are asleep.

You can withdraw that authorisation at any time by turning auto-investing off in Settings, which stops all further buy orders immediately. Positions already under a stop keep it; nothing is liquidated by the switch.

4. Your limits

You are responsible for the limits you set. Phoebe enforces them, and enforces its own ceilings above them, but it cannot know whether the amount you chose is sensible for your circumstances.

5. Not advice

Nothing Phoebe produces is investment advice or a recommendation. Its research, reasoning and orders are the output of software operating on rules you supplied. We are not a fiduciary and owe you no duty to assess whether an investment suits you.

6. Risk

Investing involves risk, including the loss of the entire amount invested. Automated investing carries its own risks: software can fail, market data can be wrong or delayed, brokers can reject or misprice orders, and an automated decision can be a poor one. A stop is not a guaranteed price: it triggers a market order, and in a fast or gapping market the fill can be worse than the stop level. Past performance does not indicate future results.

7. Your brokerage account

Your relationship with Robinhood is governed by its agreements, not ours. Robinhood holds your money and executes your orders. We are not responsible for its outages, pricing, execution quality or decisions.

8. Your responsibilities

• Keep your account credentials and device secure.
• Give accurate information during setup.
• Review your journal and holdings periodically.
• Use Phoebe only for your own account, and only where it is lawful for you to do so.

9. What you may not do

Do not attempt to circumvent the limits or safeguards, reverse engineer the service, use it to manipulate a market, or access another person's account.

10. Availability

We aim to keep Phoebe running but do not guarantee it. It may be unavailable for maintenance, or interrupted by a failure at a broker, a data provider or a hosting provider. During any interruption the safe state is that nothing is bought.

11. Beta

Phoebe's beta runs through Apple's TestFlight. TestFlight builds are free — Apple does not charge for a subscription bought in one (section 12) — and are provided as-is. Beta software is more likely to contain defects. Features may change or be removed, and the beta may end.

12. Subscription

Effective 4 October 2026. Applies to Phoebe on the App Store from the day paid plans launch there.

Price. Phoebe is $4.99 a month or $53.99 a year (US prices; Apple shows the price in your own currency before you buy). There is no free trial. Both plans include the same Phoebe.

Billing. Apple sells the subscription and charges your Apple Account when you confirm the purchase. Apple's terms govern billing, renewal and refunds.

Renewal. The subscription renews automatically at the end of each period — every month or every year — and Apple charges your Apple Account again, unless you cancel at least 24 hours before the period ends.

Cancelling. Cancel in iPhone Settings › your name › Subscriptions. You keep Phoebe until the end of the period you have paid for. Deleting your Phoebe account does not cancel the subscription.

Refunds. Refunds are handled by Apple, at reportaproblem.apple.com. We cannot issue one ourselves.

Price changes. We may change the price. Apple tells you before a higher price applies to your subscription, and in some cases asks you to agree to it first; if you do not, the subscription ends when your current period does.

What it covers. While your subscription is active, Phoebe researches before the market opens, watches prices through the session, buys inside the limits you set, and manages the stop and targets on what it bought for you. One subscription covers one Phoebe account.

When it ends. If your subscription ends — you cancel and the period runs out, a renewal payment fails after Apple's grace period, or Apple refunds it — Phoebe stops making new buys and turns Auto-Investing off. The stops on what Phoebe already bought keep running while your Robinhood account stays connected. Nothing is sold just because your subscription ended. Your plan, limits and journal are kept; subscribe again to turn Auto-Investing back on.

The beta. Beta builds distributed through TestFlight are free. The subscription screen still appears in them, but Apple does not charge for a purchase made there.

13. No warranty

Phoebe is provided "as is", without warranties of any kind, whether express or implied, including merchantability, fitness for a particular purpose, or non-infringement. We do not warrant that it will be uninterrupted, error-free, or that any investment will be profitable.

14. Limitation of liability

To the fullest extent permitted by law, we are not liable for any trading losses, lost profits, or indirect, incidental, special or consequential damages arising from your use of Phoebe. Our total liability for any claim will not exceed the greater of the amount you paid us in the twelve months before the claim, or one hundred US dollars.

Some jurisdictions do not allow certain exclusions, so parts of this may not apply to you.

15. Indemnity

You agree to indemnify us against claims arising from your misuse of Phoebe or your violation of these terms or of any law.

16. Ending it

You may stop using Phoebe at any time and delete your account in the app (Settings › Delete account) or by asking us. Deleting your account does not cancel an App Store subscription; cancel it in iPhone Settings (section 12). We may suspend or terminate access if you breach these terms or if we must do so for legal or security reasons. Turning off or terminating never liquidates your holdings.

17. Changes

We may update these terms. Material changes will be shown in the app before they take effect, and continuing to use Phoebe after that means you accept them.

18. Governing law

These terms are governed by the laws of the State of Texas, without regard to conflict of laws rules.

19. Contact

Phoebe Markets LLC · support@phoebemarkets.com